Gold Price Drops Over 3% as Market Reacts to Fresh Developments
Gold prices experienced a decline of more than 3% on Monday, dropping to approximately $2,620 per troy ounce. This move surprised many investors as the precious metal had been on an upward trajectory. Carsten Fritsch, a commodity analyst at Commerzbank, noted the significant reversal. Factors influencing this drop include shifts in market sentiment and reactions to Donald Trump’s recent political decisions, which have impacted overall market dynamics. Investors should assess how these changes affect their gold portfolios moving forward.
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